Market Analysis for BTC and ETH on November 14th:
Last night, the market experienced significant volatility, and BTC struggled to reclaim support on the four-hour chart, limiting trading opportunities. The next potential catalyst for market movement is the release of CPI data tonight.
Currently, BTC is still undergoing a four-hour pullback, having dipped to the weekly support earlier today. The key factor will be whether it can close above the 36782 level by 8 p.m. If successful, this may trigger a rally with targets at 37541, 38074, and 38460.
The daily support for BTC is at 36136, and as long as the daily chart remains above this level, the market should remain stable. A breach below this level could signify a daily chart pullback.
For ETH, attention is focused on the four-hour support at 2061. If held, there is potential for higher prices with targets at 2118 and 2138. Yesterday's trading strategy continued to yield steady profits.
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